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Minor Income
My minor daughter, 13, who is my dependent, has earned interest on her savings account. The savings account is a custodian account with me as the main account holder. I was told by my bank that the 1099 will be filed under her SSN. The interest is $200. Do I need to include this on my tax return? Does she need to file taxes herself for the interest (she has no other income)?
‎February 5, 2025
10:32 AM